At Moore Stephens we have extensive knowledge on how to apply AASB 16 to your business and have developed a series of models to help calculate and apply the new AASB/IFRS 16 Lease standard.
AASB 16 Leases is part of the new accounting requirements and is effective for reporting periods beginning on or after 1 January 2019. For more information on the AASB/IFRS16 standards please refer here.
The new standard requires nearly all leases to recognise a right of use asset and an offsetting liability. For example instead of recognising rent expense, the cost of the lease will flow through the profit and loss as amortisation and interest.
To assist clients in applying the new AASB/IFRS16 lease standards, our team has developed two different models that are designed for the transition and ongoing treatment of leases previously classified as operating leases.
The models include:
- 10 lease Model Package A - Transition & ongoing Calculator models
- 50 & 10 lease Model Package B - Transition & ongoing Calculator models
- 1 Technical support credit
- 1 on 1 Training
This video explains how easy it is to use the models to help you through this transition.
For more information and to purchase, click here.
The lease models are delivered as an Excel Zip file of Excel workbooks that cover the periods 2010 to 2040. If your requirements are outside these date ranges, or for technical support please email vicleasesupport@moorestephens.com.au.